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1-min read

No Five-day a Week in Commercial Banks: RBI

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.

PTI

Updated:April 20, 2019, 9:16 PM IST
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No Five-day a Week in Commercial Banks: RBI
CCTV cameras are seen installed above the logo of Reserve Bank of India inside its Mumbai headquarters. (Image: Reuters)
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The Reserve Bank of India (RBI) said on Saturday it has not issued any direction with regard to a five-day a week working for commercial banks. "It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions. It is clarified that this information is not factually correct," the RBI said in a release.

The RBI has not issued any such directions, it said.

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.

Remaining Saturdays are a full working hour for banks.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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